Use the Following Information for Questions

question 129

Multiple Choice

Use the following information for questions
During 2012, Richlieu Corporation reported:
-To one decimal, Richlieu's asset turnover ratio is

• A)2.5 times.
• B)1.9 times.
• C)1.5 times.
• D)1.3 times.

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Definitions:

Cash Flow

Cash flow represents the net amount of cash and cash-equivalents being transferred into and out of a business over a specified period.

Investing Activities

Refers to the purchase and sale of long-term assets and other business investments within a specific period.

Dividends Paid

Distributions of a portion of a company’s earnings, decided by the board of directors, to a class of its shareholders.

Net Income

The company's earnings remaining after deducting all expenses and tax obligations from its total revenues.